Nomura Holdings Inc. Trims Holdings in Kraft Heinz Company $KHC

Key Points

• Nomura Holdings Inc. has reduced its stake in Kraft Heinz Company by 69.2% in the first quarter, now holding 21,367 shares valued at approximately $650,000.
• Kraft Heinz recently reported $0.69 earnings per share for the last quarter, surpassing analyst estimates, despite a 1.9% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.40 per share, translating to a yield of 5.9%, set to be paid on September 26th.

Nomura Holdings Inc. reduced its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 69.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,367 shares of the company's stock after selling 48,115 shares during the quarter. Nomura Holdings Inc.'s holdings in Kraft Heinz were worth $650,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. boosted its position in Kraft Heinz by 20.9% in the 1st quarter. Baird Financial Group Inc. now owns 564,569 shares of the company's stock valued at $17,180,000 after buying an additional 97,428 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Kraft Heinz by 3.6% during the first quarter. Panagora Asset Management Inc. now owns 40,708 shares of the company's stock valued at $1,239,000 after acquiring an additional 1,431 shares in the last quarter. Palogic Value Management L.P. boosted its holdings in shares of Kraft Heinz by 27.2% in the first quarter. Palogic Value Management L.P. now owns 24,151 shares of the company's stock valued at $735,000 after purchasing an additional 5,159 shares during the period. Vident Advisory LLC grew its stake in Kraft Heinz by 40.4% in the first quarter. Vident Advisory LLC now owns 73,270 shares of the company's stock worth $2,230,000 after purchasing an additional 21,075 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in Kraft Heinz by 63.6% in the first quarter. Evergreen Capital Management LLC now owns 11,995 shares of the company's stock worth $365,000 after purchasing an additional 4,665 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the subject of several research reports. Morgan Stanley set a $29.00 target price on Kraft Heinz and gave the stock an "equal weight" rating in a report on Wednesday. Stifel Nicolaus decreased their price objective on Kraft Heinz from $30.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday. Wells Fargo & Company dropped their target price on shares of Kraft Heinz from $29.00 to $27.00 and set an "equal weight" rating on the stock in a report on Wednesday. Hsbc Global Res upgraded shares of Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research report on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price target for the company. Seventeen equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $29.76.

Insider Activity

In other news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director owned 40,000 shares in the company, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Stock Up 1.2%

KHC traded up $0.33 during trading on Friday, hitting $27.29. The stock had a trading volume of 14,753,200 shares, compared to its average volume of 13,051,689. The stock has a 50 day simple moving average of $27.46 and a two-hundred day simple moving average of $28.21. The company has a market capitalization of $32.30 billion, a PE ratio of -6.08, a PEG ratio of 3.18 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a twelve month low of $25.44 and a twelve month high of $36.31.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. On average, research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.9%. Kraft Heinz's payout ratio is presently -35.63%.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.